1509, Waves Tower
Sold prices and rental history: sold once, by the developer in May 2023, and rented once, from July 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1509, Waves Tower
What is 1509 worth today?
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Source: Dubai Land Department. Updated 12 July 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,580 sqft
- Floor
- 15th of 16
- Parking
- B1-21
- Service charge
- AED 25,200 /yr
- Last sold
- AED 2.15M · May 2023
- Building
- Waves Tower
About 1509, Waves Tower
1509 is a two-bedroom apartment of 1,580 sqft on the 15th floor of Waves Tower, a 16-storey tower in Business Bay. The developer sold it on 29 May 2023 for AED 2,150,000, or AED 1,361 per sqft, in line with the AED 1,371 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 12 July 2024. The current contract, renewed on 12 July 2024, is AED 149,000 a year: a gross yield of 6.9% on the 2023 price, before the service charge of about AED 25,200 a year.
Sales and rents for 1509 over time
1509 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Waves Tower, and where 1509 sits
All 39 2-beds →1509 last sold in May 2023 at AED 1,361 per sqft, in line with what two-beds in Waves Tower were fetching at the time (AED 1,371). Over the last 12 months two-beds sold for AED 2,260,000 to 2,450,000, around AED 1,611 per sqft, and rent for AED 145,000 to 160,000 a year. 1509's AED 149,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 26 Jan 202626 January 2026 | 1,428 sqft | 2,260,000 | 1,582 | ||
| 26 Jan 202626 January 2026 | 1,433 sqft | 2,400,000 | 1,675 | ||
| 12 Jan 202612 January 2026 | 1,580 sqft | 2,450,000 | 1,551 | ||
| 9 Dec 20259 December 2025 | 1,433 sqft | 2,350,000 | 1,640 |
Waves Tower
Building160 apartments, studios to 2-bed over 16 floors in Business Bay. 7 sold in the last 12 months.
- Typical price per sqft
- AED 1,649
- Typical sale
- AED 2.26M
- Typical rent
- AED 100K /yr
- Typical yield
- 7.2%
Other units on the 15th floor
All 160 units in Waves Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 1-bed | 980 sqft | AED 1.5MAED 1,500,000 · Jan 2023January 2023 | 100,000 /yr | |
| 1502 | 2-bed | 1,433 sqft | AED 2.4MAED 2,400,000 · Jan 2026January 2026 | ||
| 1503 | 1,428 sqft | AED 2.4MAED 2,400,000 · Oct 2025October 2025 | |||
| 1504 | 1-bed | 839 sqft | AED 1.58MAED 1,575,000 · Jun 2025June 2025 | ||
| 1505 | 1-bed | 830 sqft | AED 1.27MAED 1,265,000 · Dec 2022December 2022 | 110,000 /yr | |
| 1506 | Studio | 442 sqft | AED 808KAED 808,000 · Oct 2022October 2022 | 70,000 /yr | |
| 1507 | Studio | 487 sqft | AED 855KAED 855,000 · Oct 2022October 2022 | ||
| 1508 | 1-bed | 1,020 sqft | AED 1.4MAED 1,400,000 · Jan 2023January 2023 | 100,000 /yr | |
| 1510 | Studio | 429 sqft | AED 865KAED 865,000 · Oct 2022October 2022 | ||
| 1511 | Studio | 418 sqft | AED 840KAED 840,000 · Oct 2022October 2022 |
1509, Waves Tower in numbers
- Sold once: by the developer on 29 May 2023 for AED 2,150,000, or AED 1,361 per sqft.
- Rented since July 2024 on one Ejari contract, at AED 149,000 a year.
- At AED 149,000 a year the gross yield on the 2023 price is 6.9%, before a service charge of about AED 25,200 a year (AED 15.97 per sqft).
- Two-beds in Waves Tower sold for AED 2,260,000–2,450,000 in the 12 months to November 2026; the building's median across all types is AED 1,649 per sqft.
Source: Dubai Land Department. Updated 12 July 2024.
Questions about 1509, Waves Tower
What did unit 1509 last sell for?
AED 2,150,000 on 29 May 2023, sold by the developer: AED 1,361 per sqft for 1,580 sqft. It is the only registered sale of the unit.
What is the rent for unit 1509?
AED 149,000 a year on the contract renewed on 12 July 2024.
How big is unit 1509?
1,580 sqft (146.8 sqm): a two-bedroom apartment on the 15th floor of a 16-storey tower.
What is unit 1509 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Waves Tower sold for AED 2,260,000 to 2,450,000 in the last 12 months, around AED 1,611 per sqft.
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Mortgage on 1509, Waves Tower
Starts from the last sale price (AED 2.15M, 29 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,150,000
- Deposit, UAE resident (20%)
- AED 430,000
- Deposit, non-resident (40%)
- AED 860,000
- Monthly over 25 years at 3.7%
- AED 8,796
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →